5 Best Guru Stocks To Buy Now

In this article, we discuss 5 best Guru stocks. If you want to read our discussion on the ETF industry, head over to 12 Best Guru Stocks To Buy Now.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 173

Guru’s Stake as of March 11: $813,995

NVIDIA Corporation (NASDAQ:NVDA), one of the best Guru stocks, offers graphics, computing, and networking solutions worldwide. NVIDIA’s products are utilized in gaming, professional visualization, data centers, and automotive industries. As of March 11, The Global X Guru Index ETF (NYSE:GURU) owns 949 shares of NVIDIA Corporation (NASDAQ:NVDA) valued at $813,995.

On February 22, NVIDIA Corporation (NASDAQ:NVDA) declared a $0.04 per share quarterly dividend, in-line with previous. It is to be paid on March 27 to shareholders on record as of March 6.

As per Insider Monkey’s fourth quarter database, 173 hedge funds were bullish on NVIDIA Corporation (NASDAQ:NVDA), compared to 180 funds in the preceding quarter. Rajiv Jain’s GQG Partners held a significant position in the company, with 13.9 million shares valued at $6.89 billion.

Alger Spectra Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its fourth quarter 2023 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) is a leading supplier of graphics processing units (GPUs) for a variety of end markets, such as gaming, PCs, data centers, virtual reality and high-performance computing. The company is leading in most secular growth categories in computing, and especially artificial intelligence and super- computing parallel processing techniques for solving complex computational problems. Simply put, Nvidia’s computational power is a critical enabler of Al and therefore critical to Al adoption, in our view. During the period, shares contributed to performance as Nvidia reported solid fiscal third quarter results well above analyst expectations, driven by strong demand from data centers. Growing Al data center workloads are driving demand for the increased interconnections and fully accelerated software stacks, thereby enabling leading application performance and fast result times.”

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 214

Guru’s Stake as of March 11: $660,127

Alphabet Inc. (NASDAQ:GOOGL) is ranked high among the best Guru stocks. The Global X Guru Index ETF (NYSE:GURU), as of March 11, holds 4,795 shares of Alphabet Inc. (NASDAQ:GOOGL) worth $660,127. On January 30, the company reported a Q4 GAAP EPS of $1.64 and a revenue of $86.31 billion, outperforming Wall Street estimates by $0.04 and $1.04 billion, respectively. 

According to Insider Monkey’s fourth quarter database, 214 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOGL), in contrast to the previous quarter when 221 funds had invested in the stock. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company, with 45.18 million shares worth $6.31 billion.

The FPA Crescent Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its fourth quarter 2023 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) continued going from strength to strength during 2023 despite concerns that competition may infringe on the company’s dominant position in Search. Thus far, Alphabet has continued to hold its own, and we look forward to seeing how the company incorporates further AI developments across the Alphabet ecosystem. Lastly, we are hopeful that the impending arrival of a new CFO will bring a renewed focus on efficiency – an area where we believe Alphabet has ample room for improvement.”

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 242

Guru’s Stake as of March 11: $685,247

Ranked third on our list of the best Guru stocks is Meta Platforms, Inc. (NASDAQ:META). As of March 11, The Global X Guru Index ETF (NYSE:GURU) owns 1,417 shares of Meta Platforms, Inc. (NASDAQ:META) worth $685,247. On February 1, Meta Platforms, Inc. (NASDAQ:META) announced a Q4 GAAP EPS of $5.33 and a revenue of $40.11 billion, beating market estimates by $0.39 and $940 million, respectively.

As per Insider Monkey’s fourth quarter database, 242 hedge funds were bullish on Meta Platforms, Inc. (NASDAQ:META), up from 234 funds in the prior quarter. Rajiv Jain’s GQG Partners held a significant position in the firm, with 11.15 million shares worth $3.95 billion.

SaltLight Capital stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its fourth quarter 2023 investor letter:

“Meta Platforms, Inc.’s (NASDAQ:META) primary mission is all about capitalising on user engagement and maintaining its network effects. AI is augmenting their objectives in two ways: 1) Improving engagement time per daily active user (AI Job One) 2) Matching ad buyers (advertisers) with ad consumers (AI Job Two)

Improving Engagement Time per Daily Active User Meta is in the business of making sure that when you’re scrolling through your feed or watching videos, you’re glued to the screen as long as possible. Why? Because the longer you watch, the more ads they can slip into your viewing experience (think of digital billboards). But these ‘digital billboards’ are a finite resource – only more engagement time creates them.

And here’s where the magic of ‘AI job one’ comes in – finding that perfect video that keeps you hooked – thereby increasing the time you spend on the platform. It’s a cycle that feeds itself: more engagement means more opportunities to serve ads, which in turn means more revenue…”

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 293

Guru’s Stake as of March 11: $696,609

Amazon.com, Inc. (NASDAQ:AMZN) is one of the best Guru stocks. As of March 11, The Global X Guru Index ETF (NYSE:GURU) holds 4,051 shares of Amazon.com, Inc. (NASDAQ:AMZN) valued at $696,609. On February 1, Amazon.com, Inc. (NASDAQ:AMZN) reported a Q4 EPS of $1.00 and a revenue of $169.96 billion, outperforming Wall Street estimates by $0.20 and $3.70 billion, respectively.

According to Insider Monkey’s fourth quarter database, 293 hedge funds were bullish on Amazon.com, Inc. (NASDAQ:AMZN), an increase from 286 funds in the last quarter. Ken Fisher’s Fisher Asset Management held the top position in the firm, comprising 41.78 million shares valued at $6.35 billion.

Alger Spectra Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its fourth quarter 2023 investor letter:

“Amazon.com, Inc. (NASDAQ:AMZN) is a well-known online retailer and cloud computing leader. The company’s Amazon Web Services (AWS) business provides utility-scale cloud offerings that facilitate corporate America’s transition to digital systems. During the quarter, shares contributed to performance as Amazon reported strong fiscal third quarter results, where the company beat sales and earnings estimates. Moreover, AWS growth remained steady. contributing to Amazon’s better-than-expected operating income despite concerns around cloud cost optimizations, showing signs of increasing net new cloud workloads. While management noted that customers remain price-conscious and focused on deals, demand remains strong across all segments, leading the company to raise their fiscal fourth quarter revenue and operating income guidance.”

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 302

Guru’s Stake as of March 11: $681,616

Microsoft Corporation (NASDAQ:MSFT) is one of the best Guru stocks. As of March 11, The Global X Guru Index ETF (NYSE:GURU) holds 1,685 shares of Microsoft Corporation (NASDAQ:MSFT) worth $681,616. On January 30, Microsoft Corporation (NASDAQ:MSFT) announced results for the second quarter of fiscal year 2024. The company reported a GAAP EPS of $2.93 and a revenue of $62.02 billion, outperforming estimates by $0.16 and $890 million, respectively.

As per Insider Monkey’s fourth quarter database, 302 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT), compared to 306 funds in the previous quarter. Michael Larson’s Bill & Melinda Gates Foundation Trust is the top shareholder of the company, with 38.21 million shares valued at $14.37 billion.

Carillon Eagle Growth & Income Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its fourth quarter 2023 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) performed well after reporting strong earnings supported by accelerated growth from Azure. The cloud business is seeing consistent trends from optimization while AI has contributed strongly to its growth.”

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